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Tue, 20 Feb 2018 by QCdesigner

Compare Same Days Loans

A same day loan is one where you can apply for up to £1,500 and receive the funds in your bank account on the same day. Applying for a loan from a bank of building society can take a number of days before receiving funds because you have to fill in paperwork, post it off and wait days to receive a response. However, same day loan lenders allow you to apply online and receive a quick decision so that you can have the funds your need sooner rather than later.

At Quiddi Compare, we feature a number of lenders who can offer same day cash. On our payday loans our comparison table, you can clearly compare the cost of the loan through the Annual Percentage Rate (APR), repayment example, loan amount and duration.

If you prefer, you can use our ‘clever search’ that is the only one of its kind in the industry – simply enter a few details and we will match your criteria with the best loan for you. Either way, these are same day loans no fees since we will not take a fee for making the introduction nor will we pass on your details to any other companies with your full consent. Our site is on a secure server (https) so you can ensure that the details you provide us are completely safe.

Same day loans for emergencies

The reason that same day loans are popular is because you may need the money on the same day for an emergency purpose. Whether it’s for rent, a funeral, medical visit or car repairs, they are the type of expenses that cannot wait and you need the funds quickly.

People always recommend us to keep money for a rainy day and usually this a few months of your salary. However, for emergencies and circumstances that we do not anticipate, it is hard to know just how much we need to have available. At least a same day loan allows you access the finance that you need and then you can repay the loan and interest on your next payday, when your salary goes into your bank account. More and more lenders are giving borrowers the opportunity to repay in instalments to spread the cost of their loan over 6 or 12 months, making repayment easier to manage and you can save money if you repay early.

Same day loans for bad credit

For those looking for same day loans for bad credit, lenders will usually take your credit score into consideration before granting a loan. Similarly, some borrowers will be looking for same day loans no credit check but again, this is unlikely as lenders have to take the important steps to ensure a customer is able to handle the cost of their loan.

The credit checks are carried out by credit reference agencies such as Experian and Equifax and the lender purchases the information from them during your application. The lender will consider your credit rating to get an idea of how well you have repaid other loans in the past and how much credit you have open at the moment. Some lenders have a credit score limit and the applicant has to have a score on par or above that limit to be eligible for a loan.

In addition to running credit checks, lenders will typically run ‘affordability checks’ to see if you can afford to pay what you have borrowed. These types of checks usually involve confirming your employment and salary and can be done by sending a pay-slip or a bank statement to the lender to review.

Once the lender has reviewed your credit score and confirmed your affordability, they are able to transfer funds electronically to your bank account on the same day. Some lenders take just 15 minutes to send the money to your account via a ‘faster payment system’ with others taking a few hours for the funds to hit your account.

Repayments are made on a monthly basis on the day that you receive your salary from your employer, usually the last day of the month. Whether your loan is only until your next payday or is spread over a few months, you can always save money by repaying early. Lastly, failing to repay your loan on time can increase the cost of your loan so it is important that you budget for the repayments each month and speak to the lender beforehand if you know that you will be unable to repay.

Compare Same Days Loans

A same day loan is one where you can apply for up to £1,500 and receive the funds in your bank account on the same day. Applying for a loan from a bank of building society can take a number of days before receiving funds because you have to fill in paperwork, post it off and wait days to receive a response. However, same day loan lenders allow you to apply online and receive a quick decision so that you can have the funds your need sooner rather than later.

At Quiddi Compare, we feature a number of lenders who can offer same day cash. On our payday loans our comparison table, you can clearly compare the cost of the loan through the Annual Percentage Rate (APR), repayment example, loan amount and duration.

If you prefer, you can use our ‘clever search’ that is the only one of its kind in the industry – simply enter a few details and we will match your criteria with the best loan for you. Either way, these are same day loans no fees since we will not take a fee for making the introduction nor will we pass on your details to any other companies with your full consent. Our site is on a secure server (https) so you can ensure that the details you provide us are completely safe.

Same day loans for emergencies

The reason that same day loans are popular is because you may need the money on the same day for an emergency purpose. Whether it’s for rent, a funeral, medical visit or car repairs, they are the type of expenses that cannot wait and you need the funds quickly.

People always recommend us to keep money for a rainy day and usually this a few months of your salary. However, for emergencies and circumstances that we do not anticipate, it is hard to know just how much we need to have available. At least a same day loan allows you access the finance that you need and then you can repay the loan and interest on your next payday, when your salary goes into your bank account. More and more lenders are giving borrowers the opportunity to repay in instalments to spread the cost of their loan over 6 or 12 months, making repayment easier to manage and you can save money if you repay early.

Same day loans for bad credit

For those looking for same day loans for bad credit, lenders will usually take your credit score into consideration before granting a loan. Similarly, some borrowers will be looking for same day loans no credit check but again, this is unlikely as lenders have to take the important steps to ensure a customer is able to handle the cost of their loan.

The credit checks are carried out by credit reference agencies such as Experian and Equifax and the lender purchases the information from them during your application. The lender will consider your credit rating to get an idea of how well you have repaid other loans in the past and how much credit you have open at the moment. Some lenders have a credit score limit and the applicant has to have a score on par or above that limit to be eligible for a loan.

In addition to running credit checks, lenders will typically run ‘affordability checks’ to see if you can afford to pay what you have borrowed. These types of checks usually involve confirming your employment and salary and can be done by sending a pay-slip or a bank statement to the lender to review.

Once the lender has reviewed your credit score and confirmed your affordability, they are able to transfer funds electronically to your bank account on the same day. Some lenders take just 15 minutes to send the money to your account via a ‘faster payment system’ with others taking a few hours for the funds to hit your account.

Repayments are made on a monthly basis on the day that you receive your salary from your employer, usually the last day of the month. Whether your loan is only until your next payday or is spread over a few months, you can always save money by repaying early. Lastly, failing to repay your loan on time can increase the cost of your loan so it is important that you budget for the repayments each month and speak to the lender beforehand if you know that you will be unable to repay.

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